Silver forecast
Silver ( xagusd ) price trading at 19.80$ . Its trading slightly lower from yesterday as it was trading in 20$ zone . A good support on intraday silver chart stands at 19.50$ . If traders break this major support and manage to sustain trade beneath our support . Then expect this major commodity to test upto 19.26$ – 19.01$ today .
A good resistance on intraday silver chart stands at 20.05$ . If traders break this major resistance and manage to sustain trade above this level . Then expect this major commodity to test upside zone upto 20.30$ – 20.52$ today .
Silver forecast conclusion : Xagusd trend is flat to weak for now .
Gold forecast
Gold ( xauusd ) price trading at 1344$ . Yesterday it tested 1357$ . Our major hurdle we updated at 1356$ . It tested that zone and crashed back beautifully . A good base level on intraday gold chart stands at 1334$ . If traders break this base level and manage to sustain trade beneath 1334$ today . Then expect this precious metal to test upto 1327$ – 1318$ today .
A good major hurdle on intraday gold chart stands at 1351$ . If traders break this hurdle and manage to sustain trade above this level today . Then expect this precious metal to test upto 1357$ – 1363$ today .
Gold forecast conclusion : Xauusd trend is flat to weak for now .
More will update to our trading signal subscribers .